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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  |  September 3, 2025
EP Wealth Expands Southwest Presence with $370M Better Money Decisions Partnership 
Joe Palmisano
By: Joe Palmisano

EP Wealth Expands Southwest Presence with $370M Better Money Decisions Partnership 

EP Wealth Advisors announced a strategic partnership with Better Money Decisions, LLC (BMD), a Santa Fe, NM-based RIA with approximately $370 million in assets under management, further strengthening EP’s presence in the Southwest.  

As part of the transaction, BMD managing partner Lea Ann Knight will join EP Wealth as a regional director and partner, alongside a team of four wealth advisors and one office services associate. BMD co-founder and managing partner Lorraine Ell will retire as part of the transition. 

“BMD is a firm that leads with heart and purpose,” said Ryan Parker, CEO of EP Wealth. “Their philosophy of helping clients use money as a tool to live a better life aligns beautifully with our mission at EP.” 

Known for its expertise in guiding women through life transitions such as divorce and retirement, BMD brings a niche specialization that complements EP’s broader wealth management platform. 

The deal marks EP Wealth’s eighth strategic partnership of 2025, following transactions with AlphaMark Advisors, Executive Wealth Management, Criterion Capital Advisors, and Peninsula Wealth, among others.  

Financial terms of the BMD deal were not disclosed.  

Backed by private investment firm Berkshire Partners, Torrance, CA-based EP Wealth manages more than $36.4 billion in assets. The firm is led by CEO Ryan Parker, along with co-founders and managing directors Derek Holman, Brian Parker, and executive chair Patrick Goshtigian. 

Read More News Stories About: EP Wealth Advisors
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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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